20 December, 2022 - 22 December, 2022
14 January, 2023 - 17 January, 2023
Riva del Garda, Italy
13 March, 2023 - 15 March, 2023
22 April, 2023 - 26 April, 2023
North Carolina, USA
17 June, 2023 - 20 June, 2023
Riva del Garda , Italy
The automotive tier-1 technology company, Faurecia has entered into a 50-50 joint venture with one of China’s largest automotive manufacturers, BAIC.
According to media reports, this partnership will be created through Faurecia’s purchase of the 50% shareholding of Beijing BAI DAS Automotive System Company from DAS Corporation. The transaction will be completed once regulatory approvals are obtained in China. The new joint venture between BAIC and Faurecia will provide complete seat assembly, seat frames, foams and headrests initially for BAIC Hyundai and BAIC owned brands. Headquartered in Beijing, the joint venture will have 500 employees across four plants in Beijing, Chongqing, Huanghua and Xiangtan.